DXY idea
DXY
I have several options for the dollar index.
Option one is a small correction
Option two is the correction will be deep.
There is also an alternative option with an increase - the price can form a bullish wedge, which is possible for the price to decline further, forming a wedge, after which it will go into a deep correction.
One of the arguments that the price will rise is a false breakout on the daily chart and a candlestick pattern on the weekly chart.
I have several options for the dollar index.
Option one is a small correction
Option two is the correction will be deep.
There is also an alternative option with an increase - the price can form a bullish wedge, which is possible for the price to decline further, forming a wedge, after which it will go into a deep correction.
One of the arguments that the price will rise is a false breakout on the daily chart and a candlestick pattern on the weekly chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.